Hi, IANAA.... Having said that, the way I would handle it is to Process Payment for $200, and then go in and split the transaction so you still debit A/P the $200, but only credit $180 to your Checking and credit $20 to whatever counter-account you are using to keep track of your discounts.
-derek On Sun, October 27, 2024 5:10 pm, Default User wrote: > Hi! > > This should be a simple question, with a simple answer. > > Let's imagine that a customer purchases computer repair services from a > vendor on 2024-10-27, for $200.00, due in 30 days. There are no taxes > involved.ￜ The vendor will give a 10% discount ($20.00) for early > payment. > > Let's assume, for simplicity, that the customer has these starting > Account balances: > $0.00 Liabilities:Accounts Payable > $0.00 Expenses:Repairs:Computer Repairs > $200.00 Assets:Current Assets:Checking Account > > The customer uses GnuCash Version 4.13, from the default package > repository in Debian 12 GNU/Linux. He enters the bill from the vendor > using: Business -> Vendor -> New Bill. This results in:ￜ > $200.00 debit to Expenses:Repairs:Computer Repairs > $200.00 credit to Liabilities:Accounts Payable > > Then, later the same day, the customer pays the vendor $180.00 from his > checking account. > This results in: > $180.00 debit to Liabilities:Accounts Payable > $180.00 credit to Assets:Curent Assets:Checking Account > > Since he has a $20.00 discount for early payment, he now owes the > vendor nothing. > > So, how does the customer enter the transaction(s) in GnuCash? > > If he uses Business -> Vendor -> Find Bill -> Process Payment, entering > a Payment amount of $180.00, the result is : > $180.00 debit to Liabilities:Accounts Payable > $180.00 credit to Assets:Current Assets:Checking Account > > The Asssets:Current Assets:Checking Account balance is now $20.00, > which is correct. > But the Liabilities:Accounts Payable balance is $20.00, which should > not be correct, as the customer received a $20.00 discount for early > payment. > > But if the customer instead uses Business -> Vendor -> Find Bill -> > Process Payment, entering a Payment amount of $200.00, the result is : > > $200.00 debit to Liabilities:Accounts Payable > $200.00 credit to Assets:Current Assets:Checking Account > The Accounts Payable balance is now $0.00, which would seem to be > correct, as the customer now owes the vendor nothing. > But the Checking Account balance is now $0.00, which would of course > not be correct. > > So, what is the correct way to handle this situation, so that these > account balances result: > $0.00 Liabilities:Accounts Payable > $20.00 Assets:Current Assets:Checking Account > $200.00 Expenses:Repairs:Computer Repairs > > ??? > > > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- Derek Atkins 617-623-3745 [email protected] www.ihtfp.com Computer and Internet Security Consultant _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
